Sentence examples for senior creditors from inspiring English sources
WaMu's senior creditors took a hit, but Wachovia's were spared.
It was also the argument against forcing losses on the senior creditors of Ireland's banks.
From 2016, senior creditors and even large depositors would have to chip in, further insulating taxpayers.
The most senior creditors are always paid first, because they hold the reorganization rights initially.
The debt-laden broker sold itself to its senior creditors in February in a rescue deal.
Chrysler's senior creditors were forced to accept less than the full face value of their loans.
They may then buy the remaining 60 rights from the senior creditors at $1 each.
More senior creditors will also give up some of what they are owed.
On the other hand, the same senior creditors generally benefit from a robust second lien loan market (which offers issuers greater liquidity and senior creditors downside protection in a default scenario).
On one hand, senior creditors have an incentive to negotiate for the greatest number of protections available.
So-called "senior" creditors claim priority in all of the value, and control over all of the cash.
